CL Educate Limited has informed the Exchange regarding 'Order under Section 201(1)/201(1A) of the Income Tax Act, 1961 received from theOffice of the Deputy Commissioner of Income Tax, Circle-75(1), Delhi'.
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CL Educate Limited has received an order from the Income Tax Department (Office of the Deputy Commissioner of Income Tax, Circle-75(1), Delhi) dated March 30, 2026, raising a total demand of Rs. 4,85,32,252 (about Rs. 4.85 crore) for FY 2019-20 (AY 2020-21). The demand relates to alleged default in deduction, short deduction, or late deposit of TDS on certain expenses, salary payments, and payments where the wrong TDS section was applied. The demand comprises Rs. 2.63 crore as the principal amount under Section 201(1) and Rs. 2.22 crore as interest under Section 201(1A). The company plans to appeal the order before the appropriate appellate authority, will disclose it as a contingent liability, and does not expect any material adverse impact on its business operations.
This is a tax-related demand of ~Rs. 4.85 crore that the company will contest, so no immediate financial hit is expected. However, if the appeal fails, it could affect future earnings; the amount will sit as a contingent liability on the books, which investors should monitor.